Market Vectors® Agribusiness ETF

Most Recent

  • uploads///Fertilizer Affordability
    Basic Materials

    Fertilizer Affordability Index Rose Again Last Week

    For the week ending August 18, fertilizers continued to become less affordable. Fertilizer affordability can help indicate the demand for fertilizers.

    By Adam Jones
  • uploads///Source of Funding e
    Basic Materials

    Mosaic and CF Industries could be severely undervalued (Part 4)

    Continued from Part 3 Source of funding As Mosaic Co. (MOS) postpones its potash expansion for one or two years, and fiscal year 2013’s working capital increase reverses (largely due to an inventory build-up), we could expect the company to generate a free cash flow after dividends amount of ~800 million per year over the […]

    By Xun Yao Chen
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    How Natural Gas Prices Are Moving

    Natural gas prices are critical for nitrogen and ammonia-based phosphate fertilizer producers.

    By Adam Jones
  • uploads///MOS Analysts NTM Recommendation and Target
    Basic Materials

    Analysts Lower Price Target for Mosaic in August 2017

    Mosaic (MOS) released its 2Q17 earnings on August 1, 2017, and reported EPS (earnings per share) of $0.28, which beat analysts’ estimate of $0.25.

    By Adam Jones
  • uploads///DAP Diammonium Phosphate Realized Prices
    Basic Materials

    How Mosaic’s Phosphate Prices Fared in 2Q16

    Phosphate fertilizer prices are key to Mosaic’s (MOS) Phosphate segment’s sales, earnings, and stock price.

    By Adam Jones
  • uploads///PotashCorps Potash Shipments
    Basic Materials

    Behind PotashCorp’s Potash Shipments in 3Q17

    PotashCorp’s (POT) Potash segment sales grew by ~9% YoY to $1.2 billion in 3Q17. Strong shipment volumes and price growth drove this growth.

    By Adam Jones
  • uploads///DAP Prices
    Miscellaneous

    DAP Prices Remain Subdued for the Week Ending June 10

    Ammonia is used to make phosphate fertilizers like DAP (diammonium phosphate) and MAP (monoammonium phosphate).

    By Adam Jones
  • uploads///Urea Prices
    Miscellaneous

    Did Capacity Shutdowns in China Impact Urea Prices?

    For the week ending October 28, the overall movement in urea prices was flat to positive. Granular urea prices rose 6.6% to $211 per metric ton in China.

    By Adam Jones
  • uploads///Potash Prices
    Miscellaneous

    Potash Prices Showed Weakness for the Week Ending April 21

    Last week, potash prices continued to show weakness week-over-week. Prices were broadly flat to positive for the week ending April 21.

    By Adam Jones
  • uploads///Mosaics  Month Rating and Price Target
    Earnings Report

    Analysts’ Ratings and the Next-12-Month Price Target for Mosaic

    Of the 22 analysts surveyed, about 32% of them gave Mosaic (MOS) a “buy” rating. About 41% of analysts issued a “hold” rating, and only 27% issued a “sell” rating.

    By Adam Jones
  • uploads///FCF
    Company & Industry Overviews

    How CF Industries’ Cash Flows per Ton Are Set to Increase

    With CF Industries’ production capacity increasing, its cash flow per ton of product is also expected to increase.

    By Adam Jones
  • uploads///part
    Company & Industry Overviews

    Why Is Deere Trading at a Discount to Caterpillar?

    As of December 30, 2016, Deere (DE) was trading at a one-year forward PE multiple of 22.6x compared to Caterpillar’s (CAT) of 30.6x.

    By Peter Neil
  • uploads///Potash Sales Price    e
    Basic Materials

    Why India’s potash price discount won’t affect share prices

    The significance of potash price Wholesale potash price is one of two factors (the other being sales volume) that influence potash producers’ revenues. When prices rise, so does revenue, which will translate to higher profitability (margins), earnings, and share prices. However, when prices fall, they will have a negative impact on fundamentals and share prices. […]

    By Xun Yao Chen
  • uploads///Chart Title
    Company & Industry Overviews

    Overview: Monsanto’s Merger with Bayer in 2016

    If Monsanto and Bayer merge, they’ll become the largest global pesticide and seed company. Monsanto’s business is the best fit for Bayer’s Crop Science segment.

    By Adam Jones
  • uploads///Potash Segments Shipments
    Earnings Report

    Why Did Mosaic’s Potash Shipments Decline in 4Q15?

    Overall, 4Q15 potash shipments declined 16% to 1,931 thousand tons, from 2,039 thousand tons in 4Q14. Most of the decline came from the international crop nutrient shipments.

    By Adam Jones
  • Basic Materials

    Key trends Intrepid Potash investors should watch for in 2014

    After a year of declining sales and increasing costs, management seems much more optimistic regarding potash as well as Langbeinite.

    By Jose de la Puente
  • uploads///Urea Price    e
    Basic Materials

    Must-know: China’s July urea export shoots up to a record

    Increased supply will drive exports to a record Given the increased supply, Chinese firms have been exporting some of their urea, a type of nitrogenous fertilizer. While exports have historically remained close to zero during the busy season, export activity was above 200,000 metric tonnes per month this year, which suggests domestic manufacturers are willing […]

    By Xun Yao Chen
  • uploads///Agriums Profitability
    Earnings Report

    How Agrium’s Margins Fared in 1Q17

    During 1Q17, Agrium experienced a slight expansion in gross margins from 20% in 1Q16 to 21% in 1Q17.

    By Adam Jones
  • uploads///SMGs Next  Month Gross Income and Margin Estimates
    Earnings Report

    Scotts Miracle-Gro’s Gross Margins Will Likely Grow in 2Q17

    Over the past 12 years, Scotts Miracle-Gro’s (SMG) gross margins have averaged ~35%. The company’s gross margins have been fairly stable in the past.

    By Adam Jones
  • uploads///part
    Earnings Report

    What Did Toro Say about Its Regnerbau Acquisition?

    On November 3, 2016, Toro announced that it had entered into an agreement to acquire Regnerbau Calw, a privately held manufacturer of professional irrigation equipment.

    By Shannon Black
  • uploads///Chart Title
    Basic Materials

    How Sensitive Is PotashCorp’s Dividend to Potash Prices?

    In the last 12 months, PotashCorp (POT) has earned about 36% of its total sales from its Potash segment.

    By Adam Jones
  • uploads///Agriums Next  Month EPS Estimates
    Earnings Report

    Key Takeaways from Agrium’s 2017 Earnings Estimates

    Agrium’s (AGU) earnings for 1Q17 are estimated to fall from $0.05 per share in 1Q16 to -$0.06 per share.

    By Adam Jones
  • uploads///CFs Valuation Multiples versus Peers Median
    Company & Industry Overviews

    A Review of CF Industries’ March 2017 Valuation Multiples

    CF Industries’ (CF) earnings have been falling for the past five years, and it reported negative earnings in 4Q16.

    By Adam Jones
  • uploads///Corn in e
    Basic Materials

    Corn in good shape, but potential negative for fertilizers next year

    Crop condition Crop condition is an indicator published every week by the United States Department of Agriculture (USDA) during the planting and harvest season. The indicator is useful in estimating the yield that farmers will be able to harvest this year. Solid percentages often point to strong crop production, which tends to alleviate pressure on […]

    By Xun Yao Chen
  • uploads///Potash Capacity and Operating Rate Forecast Q
    Basic Materials

    Was Uralkali’s new business strategy really Canpotex’s fault?

    Uralkali’s latest move might be considered a punishment. But also note that outside forces can create a more competitive environment.

    By Xun Yao Chen
  • uploads///MAP Prices
    Basic Materials

    MAP Fertilizer Prices Hit a New High in Brazil

    Last week, MAP (monoammonium phosphate) prices in Brazil continued their uptrend, while prices in NOLA (New Orleans) moved sideways.

    By Adam Jones
  • uploads///Potash Consumption by Crop and Region
    Basic Materials

    Why is the end use of potash internationally diversified?

    As crops widely trade in the international market, they often converge with each other if transportation costs aren’t so high.

    By Xun Yao Chen
  • uploads///Agrium Analysts NTM Recommendation and Target
    Miscellaneous

    Wall Street’s Take on Agrium for July 2017

    Unlike PotashCorp (POT), Mosaic (MOS), and CF Industries (CF), Agrium (AGU) has a large retail business, giving the company more stability in earnings.

    By Adam Jones
  • uploads///CF Industries Analysts NTM Recommendation and Target
    Basic Materials

    Analysts’ Views on CF Industries after 2Q17 Earnings

    CF Industries (CF) reported its quarterly earnings on August 2, 2017. Its EPS was $0.10, which was in line with analysts’ consensus estimate.

    By Adam Jones
  • uploads///Intrepid Potash Analysts NTM Recommendation
    Miscellaneous

    Ratings and Price Target for Intrepid Potash

    As of January 23, 2017, one of the six analysts covering Intrepid Potash has a “buy” recommendation for the company over the next 12 months.

    By Adam Jones
  • uploads///International Distribution Segments Shipments
    Earnings Report

    Mosaic’s International Distribution Segment: 4Q16 Shipment Growth

    Mosaic (MOS) earned about 34.0% of its revenue and 28.0% of its gross margin from its International Distribution segment in 4Q16.

    By Adam Jones
  • uploads///Potash Segment Gross Margins
    Basic Materials

    How Intrepid Potash’s Gross Margin Compares with Its Peers

    With a gross deficit, Intrepid Potash reported an adjusted net loss per share of $0.23 in 2Q16, which would also make it the fifth consecutive quarter that the company has reported a net adjusted loss.

    By Adam Jones
  • uploads///DAP Prices
    Miscellaneous

    How Did DAP Prices Move in the Week Ending June 17?

    Ammonia is used to make phosphate fertilizers like DAP (diammonium phosphate) and MAP (monoammonium phosphate).

    By Adam Jones
  • uploads/// World Urea Production Cost
    Basic Materials

    Why industry capacity changes also affect urea prices and profits

    Generally, a capacity increase tends to lag demand growth, as producers like to see a stronger market before making significant investments.

    By Xun Yao Chen
  • uploads///MAP Prices in Brazil
    Miscellaneous

    MAP Prices in Brazil Continued to Rise Last Week

    In the week ending January 20, average MAP prices in Brazil rose 2.1% to $343 per metric ton from $336 per metric ton the previous week.

    By Adam Jones
  • uploads///Monsantos Stock Performance vs Benchmark
    Basic Materials

    Monsanto’s 1Q18 Earnings: What to Expect

    Monsanto (MON) is set to announce its 1Q18 earnings on January 4, 2018, with an EPS (earnings per share) of $0.42.

    By Adam Jones
  • uploads///field _
    Basic Materials

    Key Takeaways from CF Industries’ Strong Second-Quarter Results

    CF Industries reported second-quarter sales of $1.3 billion, which beat analysts’ estimate of $1.2 billion.

    By Adam Jones
  • uploads///DAP Prices
    Basic Materials

    DAP Prices See a Mixed Week for the Week Ending August 19

    Average DAP prices in China were flat at 2,669 Chinese yuan per metric ton last week. DAP prices in Morocco remained unchanged at $340 per metric ton.

    By Adam Jones
  • uploads///Intrepid Potashs Sales Contribution by Product
    Basic Materials

    Is the Trio Segment an Answer to Intrepid’s Challenges?

    Over the years, Intrepid Potash (IPI) has shifted its business model to focus more on Trio.

    By Adam Jones
  • uploads///Cost of Goods versus Realized Price Per Ton
    Company & Industry Overviews

    Why Intrepid Potash Is the Biggest Loser among Its Peers

    In this article, we’ll compare the company’s potash cost of goods per ton to its average selling price per ton and those of other players in the market.

    By Adam Jones
  • uploads///Share Repurchase Dividends and Free Cash Flows
    Company & Industry Overviews

    A Look at Potash Corporation’s Cash Flows and Leverage

    During the first nine months of 2015, Potash Corporation’s free cash flows declined to $913 million from $1,175 million in the corresponding period in 2014. This was primarily due to a decline in potash prices.

    By Adam Jones
  • uploads///DAP Prices
    Macroeconomic Analysis

    A Look at DAP Prices and Their Continuing Climb

    The average DAP price at US Gulf NOLA for the week ended March 25 rose to $340 per metric ton ($308 per short ton) compared to $302 per metric ton ($333 per short ton) the previous week.

    By Adam Jones
  • uploads///part
    Earnings Report

    Could Deere Be Staring at Another Sinkhole This Quarter?

    Deere is the world’s largest manufacturer of tractors and harvesting combines. It’s slated to declare its 3Q16 earnings before markets open on August 19.

    By Shannon Black
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    Why Did Natural Gas Prices Fall Last Week?

    Last week, natural gas prices at Henry Hub fell by an average of 3.1% week-over-week to $3 per MMBtu from $3.2 MMBtu a week ago.

    By Adam Jones
  • uploads///Monsantos Next  Month Revenue Estimates
    Earnings Report

    Monsanto’s Sales Expectation: There’s a Ray of Hope

    For the upcoming 3Q17, analysts’ consensus sales estimate for Monsanto (MON) is $4.17 billion, which will be a slight fall from $4.2 billion in 3Q16.

    By Adam Jones
  • uploads///DecWheatChart
    Company & Industry Overviews

    Favorable Weather Forecasts for the Wheat Belt Drove Down Prices

    Wheat futures prices for December contracts on the Chicago Board of Trade dropped by 0.36% and closed at $4.82 per bushel on December 11, 2015.

    By Sean Brown
  • uploads///Leverage
    Company & Industry Overviews

    Why Does CF Industries Have High Leverage?

    CF Industries has resorted to leverage to fund its projects, which are expected to create more nitrogen capacity and, in turn, benefit shareholders.

    By Adam Jones
  • uploads///Global Wheat Stock to Use Ratio
    Basic Materials

    What Is Positive about the Recent Wheat Stock-to-Use Numbers?

    In September, the global wheat inventory declined 1.5% to 249 million metric tons compared with 252 million metric tons in August 2016.

    By Adam Jones
  • uploads///JanWheatTChart
    Company & Industry Overviews

    Wheat Prices Beat Key Support Levels

    Wheat futures contracts for March delivery were trading above the crucial support level of 480 cents per bushel on January 12, 2016.

    By Sean Brown
  • Miscellaneous

    Where Potash Prices Are Showing Firmness as of July 7

    Unlike the nitrogen and phosphate fertilizer prices, potash fertilizer prices have remained relatively stable so far in 2017.

    By Adam Jones
  • uploads///Potash Segments Average Selling Prices
    Earnings Report

    PotashCorp: Effects of Falling Potash Prices

    PotashCorp’s average potash selling price fell ~34.0% to $157 per ton in 4Q16, from $238 per ton in 4Q15. Potash prices in North America fell ~35.0%.

    By Adam Jones
  • uploads///SA inflation rate
    Macroeconomic Analysis

    Power, labor satisfaction crucial to economy in South Africa

    Inflation in South Africa has primarily been fueled by higher food and fuel costs over the years, reaching 5.8% in November 2014.

    By Surbhi Jain
  • uploads///FMC Corp Analysts NTM Recommendation and Target
    Miscellaneous

    Analysts’ Price Target and Recommendations for FMC Corporation

    Like Monsanto (MON), FMC Corporation (FMC) is in the business of crop protection products. The majority of FMC’s sales come from its Agricultural Solutions segment.

    By Adam Jones
  • uploads///Nitrogen Segments Average Selling Prices
    Earnings Report

    Why Nitrogen Prices Continue to Face Pressures

    Overall, the nitrogen prices have weakened in 3Q15, falling to $319 per metric ton from $356 per metric ton in 3Q14.

    By Adam Jones
  • uploads///Mosaic Next  Month Gross Income and Margin Estimates
    Basic Materials

    Why Mosaic’s Gross Margins Could Expand in 2Q17

    The Mosaic Company (MOS) mainly produces and sells phosphate and potash fertilizers. The company is one of the largest producers of phosphate….

    By Adam Jones
  • uploads///Potash Prices
    Basic Materials

    Potash Prices Lacked Movement: Week Ending September 15

    Last week, potash prices in the Cornbelt region of the US moved sideways week-over-week to $230 per metric ton.

    By Adam Jones
  • uploads///CF Industries Analyst Recommendations and Price Target
    Basic Materials

    CF Industries: Wall Street Recommendations and Targets

    Given all that we’ve discussed so far in this series, let’s look at analyst ratings and price targets for CF Industries for the next 12 months.

    By Adam Jones
  • uploads///CFs Sales and Growth
    Company & Industry Overviews

    What’s Driving CF Industries’ Sales Growth?

    CF Industries (CF) reports its sales in five segments: UAN (urea ammonium nitrate), Granular Urea, Ammonia, AN (ammonium nitrate), and Other Nitrogen Products.

    By Adam Jones
  • uploads///Potash Exports
    Basic Materials

    Why potash stocks around the world crash as Uralkali leaves Belarus Potash Company

    Industry concentration Industry concentration is a factor that affects competition. When only a few firms occupy a large portion of the industry’s revenue, competition tends to be less, as companies try to live with each other to maintain profits. On the other hand, when there are a large number of firms vying for market share, […]

    By Xun Yao Chen
  • uploads///Potash MOP Average Selling Prices
    Basic Materials

    What 2017 Meant for Potash Producers

    Potash fertilizers Most of the fertilizer companies we’ve discussed in this series sell all or some of the three NPK (nitrogen, phosphorous, and potassium) macronutrients. To learn more about these macronutrients’ key role in agriculture, read Agricultural Fertilizer Industry: Your Comprehensive Overview. In this part, we’ll look at what 2017 meant for potash producers. Price trends […]

    By Adam Jones
  • uploads///Bunges Agribusiness Segment versus Peers Similar Operations Net Revenue in Fiscal
    Company & Industry Overviews

    How Bunge’s Agribusiness Segment Is Driving Growth

    Global demand for Bunge’s core agribusiness products like oilseeds and grains grew in 2015.

    By Sushree Mohanty
  • uploads///ground _
    Basic Materials

    April Update for Fertilizer Stocks: Ratings and Price Targets

    Fertilizer stocks have failed to impress investors in 2018. The VanEck Vectors Agribusiness ETF (MOO) has returned ~1.4% year-to-date.

    By Adam Jones
  • uploads///fruit _
    Basic Materials

    How Fertilizer Prices Moved in Week Ending February 16

    CVR Partners (UAN) emerged as the top gainer among fertilizer stocks with a 6.7% rise last week to close at $3.18 per share.

    By Adam Jones
  • uploads///Chart Title
    Earnings Report

    Analysts’ Ratings for Agrium before Its 3Q16 Results

    Analysts’ ratings So far in this series, we’ve discussed analysts’ estimates for Agrium’s (AGU) 3Q16 sales, margins, and earnings per share. While you can gauge the outlook for the company using these estimates, it’s also helpful to look at analysts’ recommendations and price targets for Agrium over the next 12 months. Ratings and price targets Overall, […]

    By Adam Jones
  • uploads///BAYR MON Opposing Themes
    Basic Materials

    Monsanto-Bayer Merger: Analyzing the Opposition

    The merger between Monsanto (MON) and Bayer is worth $66 billion. It’s one of the largest deals in the agribusiness (MOO) industry.

    By Adam Jones
  • uploads///Analysts Ratings and Price Target for CF
    Earnings Report

    Analysts’ Ratings, Price Target for CF Industries before 1Q16 Earnings

    Out of 16 analysts surveyed by Bloomberg, about 50% have “buy” ratings for CF Industries (CF). About 44% have “hold” recommendations, and one has a “sell” rating for the company.

    By Adam Jones
  • uploads///Agriums Shipment Volumes
    Basic Materials

    Agrium’s Margins See Expansion despite Weak Prices in 2Q17

    Despite a sales decline and lower year-over-year price realization, Agrium’s (AGU) margins saw an improvement during 2Q17.

    By Adam Jones
  • uploads///Retail Crop Nutrient Shipments
    Earnings Report

    Agrium’s Retail Crop Nutrient Shipments Rise in 3Q16

    In 3Q16, Agrium’s Retail segment contributed 84% of total gross profit, with crop protection and crop nutrients making up the majority of segment sales.

    By Adam Jones
  • uploads///CF Industries Valuation Multiple versus Peers
    Basic Materials

    How Is CF Industries Valued prior to Its 2Q17 Earnings?

    It’s now time to look at what investors are paying for CF Industries prior to its 2Q17 earnings. Earlier, we learned that CF Industries is expected to report negative earnings per share in 2Q17.

    By Adam Jones
  • uploads///Median Nitrogen Shipment Growth
    Basic Materials

    How Nitrogen Shipments of These Fertilizer Companies Trended

    In 4Q17, the overall nitrogen shipments of the five companies discussed below moved lower year-over-year.

    By Adam Jones
  • uploads///Agri to food
    Company & Industry Overviews

    How Bunge Is Creating Value from Segment Synergies

    Bunge’s (BG) Agribusiness segment processes oilseeds into vegetable oils.

    By Sushree Mohanty
  • uploads///PotashCorp Agrium Merger Timeline
    Basic Materials

    An Update on the PotashCorp-Agrium Merger

    On September 12, 2016, PotashCorp and Agrium announced their intention to combine in a merger of equals. But China and India have set conditions.

    By Adam Jones
  • uploads///Bunges Fertilizer Segments Quarterly Revenue
    Company & Industry Overviews

    How Improved Farm Economics Could Help Bunge’s Fertilizer Segment

    Bunge’s (BG) smallest operating segment is its Fertilizer segment, which has operations in Argentina.

    By Sushree Mohanty
  • uploads///Global Capacity versus Demand Forecast
    Macroeconomic Analysis

    Short-Term and Long-Term Outlook for Potash Prices

    The supply-demand imbalance will further push down potash prices in the coming years. It will hurt companies such as PotashCorp, Mosaic, Intrepid Potash (IPI), and Agrium (AGU).

    By Adam Jones
  • uploads///food _
    Basic Materials

    Analysts’ Ratings for Major Agribusiness Stocks: February Update

    So far this year, some major agribusiness stocks, particularly in the fertilizer sector, have performed poorly.

    By Adam Jones
  • uploads///MAP Prices
    Basic Materials

    MAP Prices Continued Their Ascent Last Week

    MAP (monoammonium phosphate) prices last week continued their ascent.

    By Adam Jones
  • uploads///CMP Analysts NTM Recommendation and Target
    Basic Materials

    What Analysts Think about Compass Minerals International

    As of September 18, the consensus mean price target on CMP stood at $69.5 per share, which was about 1.6% lower than the closing price of $70 on the same day.

    By Adam Jones
  • uploads///CF Industries versus Agri Business ETF
    Earnings Report

    CF Industries to Announce Its 4Q16 Earnings: What to Expect

    CF Industries (CF) is set to announce its 4Q16 earnings on February 15, 2017, with estimated earnings per share of -$0.05. In 4Q15, CF Industries reported EPS of $0.76.

    By Adam Jones
  • uploads///Soybean Drivers
    Earnings Report

    Will Monsanto’s Soybean Seed and Traits Drive Its Profit?

    Monsanto’s (MON) Soybean Seed and Traits segment is the second-largest subsegment under the Seeds and Genomics segment.

    By Adam Jones
  • uploads///SMGs Dividend Yield
    Basic Materials

    Scotts Miracle-Grow Announced a Higher Dividend

    Scotts Miracle-Gro announced a 6% dividend increase to $0.53 per quarter from $0.5 per quarter. It has consistently raised its dividend in the past.

    By Adam Jones
  • uploads///CFs Profitability
    Basic Materials

    How Was CF’s Profitability in 2Q17?

    During 2Q17, CF Industries’ (CF) overall gross margins fell steeply year-over-year from 46.5% to 15.3%.

    By Adam Jones
  • uploads///Earnings Per Share
    Basic Materials

    Monsanto: Earnings Estimates and Target Price

    As of December 25, 2017, Monsanto stock was covered by 18 analysts according to Reuters. The current consensus rating on the stock stood at 2.56.

    By Adam Jones
  • uploads///CF Industrues Analysts NTM Recommendation and Target
    Miscellaneous

    What Are CF Industries’ Price Targets and Recommendations?

    CF Industries (CF) closed at $27.3 per share on June 9, which was 13.4% lower than its levels at the beginning of this year.

    By Adam Jones
  • Energy & Utilities

    Why Agrium Inc. suspending capacity addition will affect other producers (Part 1)

    The importance of capacity utilization Capacity utilization measures how much of an industry’s or company’s available production output is being used. It’s based on dividing actual output by potential output. Because an industry or firm will often try to match production to demand, a rising capacity utilization rate means faster growth in demand relative to […]

    By Xun Yao Chen
  • uploads///AT Concerns
    Basic Materials

    Bayer-Monsanto Deal Now Awaits Approval from US and Russia

    The Bayer-Monsanto (MON) deal is still under review for antitrust issues in the US due to concerns that the two companies combined could harm the competitive environment.

    By Adam Jones
  • uploads///Scotts Miracle Gro Analysts NTM Recommendation
    Miscellaneous

    Analyst Recommendations and Price Target for Scotts Miracle-Gro

    As of January 23, 2017, the consensus next 12-month price target for SMG is $97.30 per share. That day, the company closed 2.6% below that price target.

    By Adam Jones
  • uploads///gulle _
    Basic Materials

    More Tariffs on China, Fertilizer Stocks Are in the Red

    China is one of the largest fertilizer consumers in the world. Investors are concerned that retaliatory measures might hurt fertilizer companies.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    How Did the Fertilizer Affordability Index Perform Last Week?

    In the week ending April 7, 2017, fertilizer affordability didn’t change. Notably, the Fertilizer Affordability Index remained flat at 0.60x week-over-week.

    By Adam Jones
  • uploads///MOS
    Basic Materials

    The Mosaic Company: Why MOS stock dropped on a market overreaction

    Fertilizer stocks plummeted on the heels of the announcement that Russia’s Uralkali was quitting the Belarusian Potash Company cartel. The market overreacted.

    By Samuel Madden, CFA
  • uploads///fresh peppers _
    Basic Materials

    Fertilizer Prices and Stocks Are on Pause: What’s Going On?

    Last week, which ended September 7, the VanEck Vectors Agribusiness ETF (MOO) fell 1.8%, while the S&P 500 Index fell 1%.

    By Adam Jones
  • uploads///China NPK Export
    Macroeconomic Analysis

    How China’s Fertilizer Export Sector Is Changing

    China is the largest consumer of nitrogen fertilizers, but it produces most of it within its borders. Urea is Chinese farmers’ top choice.

    By Adam Jones
  • uploads///Potash import Share
    Miscellaneous

    Why India and China Want PotashCorp to Divest Interests to Complete the Merger

    According to Israel Chemicals’ June 2017 6-K filings, India imported 3.8 million tons of potash in 2017, while China imported 6.8 million tons of potash.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price    e
    Industrials

    Why natural gas price affects nitrogenous fertilizer stocks (Part 1)

    Natural gas and nitrogenous fertilizers Natural gas is a major raw material input in the production of nitrogenous fertilizers, such as urea and ammonia, ranging from 40% to 70% of cost of goods sold. A higher natural gas price increases the cost of goods sold and compresses margins. This in turn lowers earnings and free […]

    By Xun Yao Chen
  • uploads///Next  Month Analysts Ratings and PriceTarget for ICL
    Company & Industry Overviews

    Analysts Mull Israel Chemicals’s Performance over the Next 12 Months

    Out of the 14 Wall Street analysts covering Israel Chemicals (ICL), only one has a “buy” recommendation on the company, 12 have a “hold” recommendation, and only one analyst has a “sell” recommendation.

    By Adam Jones
  • uploads///Phosphate Gross Margins in Q
    Miscellaneous

    Key Players’ Phosphate Segment Margins in 1Q17

    Mosaic (MOS) continued to enjoy higher margins at 7%—compared to Agrium’s (AGU) margins at 5%. Mosaic’s margins were flat year-over-year.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and Price Target for CF
    Company & Industry Overviews

    Analysts’ Recommendations and Ratings for CF Industries

    About 56% of Wall Street analysts still have “buy” recommendations for CF Industries.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizer Affordability Index for the Week Ending March 31

    In the week ending March 31, 2017, the Fertilizer Affordability Index fell slightly to 0.60x from 0.62x the previous week.

    By Adam Jones
  • uploads///Natural Gas Realized Price
    Basic Materials

    Why fertilizer companies’ exposure to natural gas prices varies

    Companies forfeit the opportunity to benefit from lower natural gas prices when they hedge. But hedging activity protects companies’ earnings when natural gas prices rise.

    By Xun Yao Chen
  • uploads///Next  Month Analysts Ratings and Price Target for Mosaic
    Basic Materials

    Mosaic’s Next-12-Month Price Target after Its 2Q16 Results

    Following Mosaic’s 2Q16 earnings release, Wall Street analysts revised their next-12-month price target down to $25.48 from $25.64.

    By Adam Jones
  • uploads///CF Industries Earnings Per Share and Growth
    Earnings Report

    CF Industries Released 1Q17 Results: What Investors Should Know

    CF Industries (CF) reported its 1Q17 earnings on May 3 after the market closed. The company posted adjusted EPS (earnings per share) of $0.05, which missed analysts’ revised estimate.

    By Adam Jones
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